CCA to MCOB regulation changes

March 2016 update: There will be a change to Consumer Credit Act (CCA) regulated loans from 21 March 2016.

From 21 March 2016 secured second charge mortgages that are regulated by the CCA will become regulated by the Financial Conduct Authority (FCA) Mortgage Conduct Of Business (MCOB) rules instead. This means there will be slight differences to your annual statements and the way you are informed of changes to interest rates, but otherwise loans will continue to operate in the usual way and you don’t need to do anything.

For more information on the changes please click here to view the latest Frequently Asked Questions.